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Common use of Regulatory Assurances Clause in Contracts

Regulatory Assurances. M&I and Customer acknowledge and agree that the performance of these Services will be subject to regulation and examination by Customer's regulatory agencies to the same extent as if such Services were being performed by Customer. Upon request, M&I agrees to provide any appropriate assurances to such agency and agrees to subject itself to any required examination or regulation. Customer agrees to reimburse M&I for reasonable costs actually incurred due to any such examination or regulation that is performed solely for the purpose of examining data processing services used by Customer.

Appears in 4 contracts

Samples: Data Processing Agreement (Team Financial Inc /Ks), Data Processing Agreement (Covest Bancshares Inc), Data Processing Services Agreement (Cu Bancorp)

Regulatory Assurances. M&I and Customer acknowledge and agree that the performance of these Services will be subject to regulation and examination by Customer's regulatory agencies to the same extent as if such Services were being performed by Customer. Upon request, M&I agrees to provide any appropriate assurances to such agency and agrees to subject itself to any required examination or regulation. Customer agrees to reimburse M&I for reasonable costs actually incurred due to any such examination or regulation that is performed solely for the purpose of examining data processing services used by Customer.or

Appears in 2 contracts

Samples: Outsourcing Agreement (Jacksonville Bancorp Inc /Fl/), Outsourcing Agreement (Lehigh Acres First National Bancshares Inc)

Regulatory Assurances. M&I and Customer acknowledge and agree that --------------------- the performance of these Services will be subject to regulation and examination by Customer's regulatory agencies to the same extent as if such Services were being performed by Customer. Upon request, M&I agrees to provide any appropriate assurances to such agency and agrees to subject itself to any required examination or regulation. Customer agrees to reimburse M&I for reasonable costs actually incurred due to any such examination or regulation that is performed solely primarily for the purpose of examining data processing services Services used by Customer.

Appears in 1 contract

Samples: Outsourcing Agreement (Privatebancorp Inc)

Regulatory Assurances. M&I and Customer acknowledge and agree that the performance of these Services will be subject to regulation and examination by Customer's regulatory agencies to the same extent as if such Services were being performed by Customer. Upon request, M&I agrees to provide any appropriate assurances to such agency and agrees to subject itself to any required examination or regulation. Customer agrees to reimburse M&I for reasonable costs actually incurred due to any such examination or regulation that is performed solely for the purpose of examining data processing services used by CustomerCustomer unless such examination is as a result of such agency's concern with M&I's ability to adequately perform data processing services.

Appears in 1 contract

Samples: Data Processing Services Agreement (Cobancorp Inc)

Regulatory Assurances. M&I and Customer acknowledge and agree that the performance of these Services will be subject to regulation and examination by Customer's regulatory agencies to the same extent as if such Services were being performed by Customer. Upon request, M&I agrees to provide any appropriate assurances to such agency and agrees to subject itself to any required examination or regulation. Customer agrees to reimburse M&I for reasonable costs actually incurred due to any such examination or regulation that is performed solely primarily for the purpose of examining data processing services Services used by Customer.

Appears in 1 contract

Samples: Outsourcing Agreement (First Midwest Bancorp Inc)

Regulatory Assurances. M&I and Customer acknowledge and agree that the performance of these Services will be subject to regulation and examination by Customer's regulatory agencies to the same extent as if such Services were being performed by Customer. Upon request, M&I agrees to provide any appropriate assurances to such agency and agrees to subject itself to any required examination or regulation. Customer agrees to reimburse M&I for reasonable costs actually incurred due to any such examination or 28 34 regulation that is performed solely for the purpose of examining data processing services Services used by Customer.

Appears in 1 contract

Samples: Outsourcing Agreement (Florida Business Bancgroup Inc)

Regulatory Assurances. M&I and Customer acknowledge and agree that the performance of these Services will be subject to regulation and examination by Customer's ’s regulatory agencies to the same extent as if such Services were being performed by Customer. Upon request, M&I agrees to provide any appropriate assurances to such agency and agrees to subject itself to any required examination or regulation. Customer agrees to reimburse M&I for reasonable costs actually incurred due to any such examination or regulation that is performed solely primarily for the purpose of examining data processing services Services used by Customer.

Appears in 1 contract

Samples: Outsourcing Agreement (First Midwest Bancorp Inc)